July 11 (Reuters) - The S&P 500 set a record high on Monday
after a stunning monthly jobs report last week boosted
confidence in the U.S. economy.

The gains were broad-based, with seven of the 10 major S&P
sectors higher. Financials led the gainers with a 0.62
percent rise. JPMorgan was up 1.3 percent and provided
the biggest boost to the S&P.

Citigroup, Bank of America and Wells Fargo
were also trading higher.

"Reaching a new high may see money moving from the sidelines
of safety trades, like Treasury bonds and gold, back into the
equity markets," said Robert Pavlik, chief market strategist at
Boston Private Wealth.

"The emphasis of the markets will be how fast and how long
the S&P remains above the record today."
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